(ElgiEquip) Elgi Equip complete technical analysis [charts+indicators] | Buy/Sell Elgi Equip | (ElgiEquip) share price targets
Complete technical analysis of Elgi Equip (ElgiEquip) by charts plus indicators, forecast predictions and share price targets for Elgi Equip (ElgiEquip)
10 day averaged volume of Elgi Equip is 19243
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 644.70 | 637.00 | 650.00 | 634.50 | 0.299 times |
| 07 Tue May 2024 | 644.50 | 664.40 | 664.40 | 636.50 | 0.809 times |
| 06 Mon May 2024 | 664.45 | 670.80 | 671.35 | 648.05 | 2.378 times |
| 03 Fri May 2024 | 657.70 | 661.90 | 667.00 | 651.55 | 1.342 times |
| 02 Thu May 2024 | 658.65 | 653.55 | 666.65 | 650.20 | 1.21 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 651.9 as stoploss in an intra day sell trade for a target of 636.73. However, stock will show a bullish move above 651.9.
Share price targets for Elgi Equip (ElgiEquip)
| Target Type | Value |
| Downside Target | 525.00 |
| Downside Target | 570.05 |
| Downside Target | 582.85 |
| Downside Target | 600.30 |
| Downside Target | 634.50 |
| Upside Target | 665.00 |
| Upside Target | 667.00 |
| Upside Target | 669.10 |
| Upside Target | 671.35 |
| Upside Target | 703.40 |
| Upside Target | 714.50 |
Intraday share price targets for Elgi Equip (ElgiEquip)
| Target Type | Value |
| Downside Intraday Target | 629.02 |
| Downside Intraday Target | 613.33 |
| Upside Intraday Target | 665.87 |
| Upside Intraday Target | 687.03 |
| Upside Intraday Target | 650.18 |
Weekly technical analysis of Elgi Equip (ElgiEquip)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 644.70 | 670.80 | 671.35 | 634.50 | 0.761 times |
| 03 Fri May 2024 | 657.70 | 653.10 | 667.00 | 643.65 | 1.375 times |
| 26 Fri Apr 2024 | 650.45 | 636.75 | 653.80 | 606.60 | 0.79 times |
| 19 Fri Apr 2024 | 623.55 | 600.30 | 641.90 | 600.30 | 1.177 times |
| 12 Fri Apr 2024 | 645.10 | 640.05 | 665.00 | 610.65 | 0.273 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Elgi Equip (ElgiEquip)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 644.70 | 653.55 | 671.35 | 634.50 | 0.23 times |
| 30 Tue Apr 2024 | 651.45 | 612.90 | 669.10 | 584.70 | 1.239 times |
| 28 Thu Mar 2024 | 601.45 | 650.55 | 714.50 | 570.05 | 0.643 times |
| 29 Thu Feb 2024 | 650.50 | 615.00 | 703.40 | 582.85 | 1.902 times |
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Elgi Equip (ElgiEquip)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 20, 16, 13 | Buy |
| MACD | 14, 12 | Buy |
| Stochastics | 69 | None |
| CCI | -19 | Sell |
| RSI | 56 | Buy |
| OBV | -41544 | Sell |
| VWAP | 652 | Sell |
| ADL | 0 | Sell |
| ROC | 3 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Elgi Equip ( (ElgiEquip) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Elgi Equip ( (ElgiEquip) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Elgi Equip ( (ElgiEquip) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Elgi Equip ( (ElgiEquip) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Elgi Equip stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Elgi Equip in short term and the buy signal is strong.
Elgi Equip Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Elgi Equip in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Elgi Equip is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 651.87 and Elgi Equip (ElgiEquip) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
People seem to be coming out and selling the Elgi Equip (ElgiEquip) stock. Volume based technical analysis of Elgi Equip (ElgiEquip) stock is negative.
Elgi Equip Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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